Block’s Mass Layoffs Put Jack Dorsey on the Hook for $68 Million Party

From BeInCrypto

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BeInCrypto • February 27, 2026 at 09:00 • News
Reports reveal that Jack Dorsey’s September 2025 in-person company event cost a staggering $68.1 million, roughly equivalent to the annual payroll for 200 employees, only to be followed five months later by layoffs slashing 40% of Block’s workforce. The sequence of events draws criticism, sparking a broader conversation about AI, corporate culture, and fiscal responsibility.
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